Contactless payments to represent 1 in 3 in-store transactions globally by 2020 — Juniper Research — “Juniper forecasts that OEM Pay wallets will enable over $300 billion in transactions by 2020, representing 15% of the total contactless in-store transactions… OEM Pay wallet users will reach 450 million by 2020, with Apple accounting for one in two OEM Pay users globally… ‘We believe that growth over the next five years will continue to be dominated by offerings from the major OEM players.'”

Apple Pay accounts for 1 in 2 OEM Pay users globally, reaching 200 million by 2020 — Juniper Research — “The global number of mobile contactless users will exceed 760 million by 2020, up from an estimated 440 million in 2018… The combined market share of Apple, Samsung and Google will reach 60% of global mobile contactless users by 2023, up from an estimated 50% in 2018. Other OEM Pay users, including the likes of Huawei Pay, Xiaomi Pay, Fitbit Pay and Garmin Pay, will exceed 20 million by 2020.”

“Not just Apple Pay, but the two other major third party contactless wallets, Google Pay (formerly Android Pay) and Samsung Pay, are tracing a slow but definite descent in adoption among smartphone owners”, research conducted by Phoenix Marketing International has found... More

34% of those eligible are using mobile payments, but few would recommend them — Auriemma Consulting Group — “Problems at the point of sale can prevent even the most enthusiastic Pay users from developing the habit of paying with their mobile device. This, in turn, lessens the opportunity and likelihood for recommending the service. In fact, 42% of mobile payment users wouldn’t recommend the service, up 11 points compared to last year (31%).”

Survey: Retail mobile banking nearing universal adoption, mobile payment offerings accelerate — Federal Reserve Bank of Boston — “Implementation of mobile payment services is accelerating as financial institutions respond to competitive pressure and the industry momentum for mobile payments: In addition to the 24% already offering mobile payments, 40% plan to do so within two years. Additionally, more than two-thirds of respondents partner or plan to partner with third-party processors and more than half are considering a partnership with a near-field communication (NFC) wallet provider.”

Samsung Pay expanding into mobile banking service — Korea Bizwire — “Samsung Electronics Co’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users… ‘The mobile payment is being developed so that it will one day fully replace a person’s purse or wallet,’ a Samsung executive said.”

Garmin and NXT-ID subsidiary FitPay expand Garmin Pay to Visa accountholders — Garmin and NXT-ID — “Garmin Pay is now available to Visa accountholders from numerous participating issuing banks including Bank of America, Capital One, and US Bank in the United States, and BonusCard, Cornér Bank, ANZ and NAB (National Australia Bank) internationally… Garmin Pay was initially launched in November 2017 for Mastercard accountholders.”

Garmin and NXT-ID subsidiary FitPay announce Garmin Pay now live on Garmin Vivoactive 3 smartwatch — NXT-ID and Garmin International — “The new contactless payment capability is powered by the FitPay payment platform and available initially for Mastercard cardholders from numerous issuing banks and credit unions including BECU, Capital One, First Tech Federal Credit Union, and US Bank in the United States, and internationally through Commonwealth Bank of Australia, Cornèrcard, Sberbank of Russia, and Swiss Bankers Prepaid Services Ltd.”

Huawei Pay to launch on Android in the US, trademark suggests — Android Headlines — “The Huawei Pay Android service may be coming to the United States, as suggested by a new trademark application which the Chinese original equipment manufacturer submitted to the US Patent and Trademark office on Saturday… News of Huawei’s latest move comes less than a month after the Shenzhen, China-based tech giant filed for an identical trademark in Europe where the European Union Intellectual Property Office is also still examining its request.”

“Combined, Apple Pay, Android Pay and Samsung Pay account for only about one quarter of 1% of US debit transactions,” the annual Debit Issuer Study from debit and ATM network Pulse has found, while the country’s move to EMV chip cards has cut debit card fraud loss rates but “fraud continues to challenge issuers.”... More

Santander pays 5% cashback when you pay by mobile phone — Which? — “Santander 123 Lite Current account customers can earn 5% cashback on all purchases using their debit cards via Apple Pay, Android Pay and Samsung Pay. The two-and-a-half month deal runs from 17 July to 30 September, with the bonus paid out by the end of November.”

Some 3.4bn smartphones will be compatible with Apple Pay, Samsung Pay and Android Pay by the end of 2017 — with the number expected to increase to 5.3bn by 2021, research released by IHS Markit reveals... More

The number of consumers using OEM Pays — mobile payment services delivered by handset manufacturers — such as Apple Pay, Samsung Pay and Android Pay will exceed 100m for the first time during the first half of 2017 and is expected to surpass 150m by the end of the year, Juniper Research reveals, while host card emulation (HCE) adoption is set to rise five-fold over the next four years. More

The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More

PARTNER NEWS: Rambus Bell ID has launched a software platform that card issuers can use to integrate with multiple third-party token service providers (TSPs) such as those operated by international and domestic payment schemes... More

A 16-page white paper designed to help banks make informed decisions about bringing an Android-based mobile payments service to market is now available to download from the NFC World Knowledge Centre. More

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